MS SB2876

State Treasurer must prepare a fiscal statement for any legislation authorizing state general obligation bond issuance, estimating total principal and interest payments until bonds are retired.

Statement must include estimated principal and interest payments for each fiscal year, total state bonded indebtedness before issuance, and annual debt service on all outstanding state bonds.

Statement must contain estimates of legal and issuance fees, bond proceeds available for authorized purposes, and 10-year operating expense projections for any buildings or facilities funded by bond proceeds.

State Treasurer shall file a copy of the statement with both houses of the Legislature.

Effective date: July 1, 2012.